The Telstra offer and corporate trustees

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Question: Paul, I'm in full pension mode in my SMSF. Wouldn't the franking credits with the Telstra buyback sit in the ATO until the next tax return, and we can't access them until say Oct 2015? I have 40% of my fund in TLS and am keen to take advantage of the offer.

Answer (Paul Rickard): 
You are spot on – you won’t get the imputation credit refund until the 2015/16 tax year. Timing is in your hands – depends when you lodge your annual return. For many people, this will be around October 2015.

That said, I still think you will be better off accepting the offer (and you will only be accepted in part).

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